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Preparations Underway to Establish Economic City on Iraqi-Jordanian Borders

Yanal Nawaf Al-Barmawy, Chairman of the Board of Directors of the Iraqi-Jordanian Company for Industry. (ONA)
Yanal Nawaf Al-Barmawy, Chairman of the Board of Directors of the Iraqi-Jordanian Company for Industry. (ONA)
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Preparations Underway to Establish Economic City on Iraqi-Jordanian Borders

Yanal Nawaf Al-Barmawy, Chairman of the Board of Directors of the Iraqi-Jordanian Company for Industry. (ONA)
Yanal Nawaf Al-Barmawy, Chairman of the Board of Directors of the Iraqi-Jordanian Company for Industry. (ONA)

The Iraqi-Jordanian Company for Industry announced an open international tender to build a joint economic city on the border between the two countries.

The company added that the developer will finance, implement, manage, invest, promote and operate the planned economic city and maintain its facilities.

Yanal Nawaf Al-Barmawy, Chairman of the Board of Directors of the Company, explained that the project would be built on an area of 22 million square meters allocated from the border lands of Jordan and Iraq, with the aim to enhance bilateral economic cooperation, and contribute to Arab economic integration in a number of fields.

In a statement to Oman News Agency, Barmawy noted that the project seeks to bring about the required development in the eastern regions of Iraq and the western regions of Jordan, reduce unemployment, revitalize the logistical sectors, increase exports, and meet the needs of the two countries’ markets for various commodities.

He also said that the city will be established and developed in three stages, and will include industrial, commercial and logistical components, as well as centers for the promotion of business, finance, education, health, transportation, housing, in addition to construction, infrastructure and green spaces.

Work on the project is expected to begin during the first quarter of 2024.

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Unprecedented Participation Expected at International Mining Conference in Riyadh on Tuesday

Ali Al-Mutairi, general supervisor of the conference (Asharq Al-Awsat)
Ali Al-Mutairi, general supervisor of the conference (Asharq Al-Awsat)
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Unprecedented Participation Expected at International Mining Conference in Riyadh on Tuesday

Ali Al-Mutairi, general supervisor of the conference (Asharq Al-Awsat)
Ali Al-Mutairi, general supervisor of the conference (Asharq Al-Awsat)

Riyadh is preparing to host the fourth edition of the International Mining Conference on Tuesday under the patronage of King of Saudi Arabia Salman bin Abdulaziz.
This year’s event has drawn an unprecedented number of participants, with over 20,000 registrations. It will feature the attendance of global CEOs, industry leaders, and executives from related sectors, who will gather to tackle the mining sector’s key challenges and offer innovative, sustainable solutions to advance the industry’s future.
Ali Al-Mutairi, general supervisor of the conference, told Asharq Al-Awsat that the conference, running from January 14 to 16, will kick off with the fourth International Ministerial Meeting on Mining Affairs. The meeting will host senior government representatives from 85 countries, along with 50 leaders from multilateral organizations, NGOs, and business associations.
This year’s edition introduces several groundbreaking initiatives, including a “Knowledge Exchange Day,” which will serve as a platform to share the latest advancements in geology, technology, and sustainability.
Al-Mutairi also revealed that the event will host the first “Centers of Excellence and Technology Meeting,” designed to establish a regional network to develop expertise and accelerate innovation in mining.
Additionally, the second meeting of leaders from international geological survey organizations will take place, featuring prominent institutions such as the US Geological Survey, the British Geological Survey, the French Geological Survey, and the Finnish Geological Survey. This meeting aims to enhance global collaboration and leverage advanced technologies to drive sector development.
The conference is expected to see the signing of several agreements and memorandums of understanding between local and international stakeholders, reflecting Saudi Arabia’s commitment to establishing itself as a global mining hub. The event further supports efforts to foster international cooperation and sustainable development in this vital sector.
Over 250 prominent speakers, including senior executives and experts, will participate in this year’s conference. Their contributions will open avenues for international partnerships and help explore strategic investment opportunities in mining.
Under the theme “Achieving Impact,” the conference continues the international dialogue on the future of mining and minerals, with the aim to strengthen global cooperation to meet energy transition goals and advance modern industries.
Aligned with Saudi Arabia’s vision to position mining as a cornerstone of its national economy, the event will address critical topics such as exploration, technological innovation, sustainability, and value-added chains. The event highlights the country’s ongoing efforts to empower the mining sector and ensure it serves as a key pillar of economic growth and diversification.